Susan Luschas Testimony to SD Legislators Against Digital Gold Bill

Dear Senators,

The prime sponsor’s slides were made by Mr. Kevin Freeman from Pirate Money.  Pirate money partners with Glint, a digital gold processing company based out of the UK.  Glint partners with Mastercard.  The money train is:

Senator Carley -> Mr. Freeman -> Pirate Money -> Glint -> Mastercard

Glint and Mastercard are funding the push for legal tender status of gold and silver nationwide so they can make money from transaction fees on our everyday transactions.

But SB112 doesn’t require us to use digital payments, right?

Wrong!

Please consider that there currently is federal litigation pending that will require National Parks to accept physical cash because it is legal tender. If the outcome of this law suite is that physical cash has to be accepted as legal tender, every form of legal tender has to be accepted. Businesses in South Dakota will be required to accept digital gold by federal law, no matter what SB112 says. This would not be the case if digital gold wasn’t legal tender in our state.

A few more questions I can’t wrap my head around:

Why is the  Treasurer’s office neutral when SB112 will create more work for them with no additional pay?  Will they use SB112 as an excuse to hire more staff?

Why would South Dakota want its Treasurer’s office to audit out-of-state private payment processing companies and out-of-state bullion depositories?

Who will enforce SB112? If Mastercard or Glint implement a social credit system, how and where do citizens file complaints? What are the penalties?

Thank you for representing the citizens of South Dakota.

Susan Luschas, District 2, Brandon, SD